AL HB150

Removes improvement district boards' authority to charge interest rates on property assessments higher than the interest rate on bonds issued to finance infrastructure projects

Creates alternative enforcement mechanism allowing improvement districts to petition county commissions to use county tax officials (assessor, collector, judge of probate) for collecting and enforcing assessments

Delinquent assessments would be collected and enforced using the same procedures as delinquent ad valorem property taxes, including tax sales and tax lien auctions under Chapter 10 of Title 40

County tax collectors may charge a 3% fee on total assessments collected, deposited into a segregated account for official duties

Districts opting into county collection must certify assessments by March 1 annually, bear full responsibility for accuracy of assessment information, and indemnify county officials from litigation costs

Effective date: October 1, 2026